Common use of Negative Balances Clause in Contracts

Negative Balances. You may not perform transactions that exceed the Available Balance of your account, and we generally will not authorize or pay transactions that exceed the Available Balance of your account, unless we decide, in our sole discretion, to authorize and pay such transactions because you have opted in to, and are eligible for, Overdraft Protection. Please note, however, that some merchants: (i) may not check with us for authorization of the transaction amount; (ii) may check with us for authorization of the transaction amount but later present a transaction for payment that is for a higher amount; or (iii) may not timely present a transaction to us for payment, and therefore some transactions may be paid from your account even if the Available Balance of your account is insufficient, resulting in a negative balance in your account, and even though you have not opted in to and are not eligible for Overdraft Protection. In such event, your account will not be charged overdraft fees if you have not opted in to Overdraft Protection. You are fully liable for the amount of any negative balance on your account, including any applicable transaction fees. Any negative balance on your account must be paid immediately, without notice or demand from us, by depositing funds to your account. Without limiting any other provisions of this agreement, if you do not deposit funds to your account to cover a negative balance within 60 days of its creation, we may close your account. Without limiting the foregoing, we reserve the right to pursue collections for any negative balance on your account, and we may offset any negative balance on your account with subsequent deposits, funds in your High-Yield Savings Account and other credits to your account, to the fullest extent permitted by law, in accordance with Section 14.s. titled “Security Interest & Setoff”.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Negative Balances. You may not perform transactions that exceed the Available Balance of your accountAccount, and we generally will not authorize or pay transactions that exceed the Available Balance of your accountAccount, unless we decide, in our sole discretion, to authorize and pay such transactions because you have opted in to, to and are eligible for, for Overdraft Protection. Please note, however, that some merchants: (i) may not check with us for authorization of the transaction amount; (ii) may check with us for authorization of the transaction amount but later present a transaction for payment that is for a higher amount; or (iii) may not timely present a transaction to us for payment, and therefore some transactions may be paid from your primary deposit account even if the Available Balance of your account Account is insufficient, resulting in a negative balance in your primary deposit account, and even though you have not opted in to and are not eligible for Overdraft Protection. In such event, your primary deposit account will not be charged overdraft fees if you have not opted in to Overdraft Protection. You are fully liable for the amount of any negative balance on your primary deposit account, including any applicable transaction fees. Any negative balance on your primary deposit account must be paid immediately, without notice or demand from us, by depositing funds to your primary deposit account. Without limiting any other provisions of this agreementAgreement, if you do not deposit funds to your primary deposit account to cover a negative balance within 60 days of its creation, we may close your accountAccount. Without limiting the foregoing, we reserve the right to pursue collections for any negative balance on your primary deposit account, and we may offset any negative balance on your primary deposit account with subsequent deposits, funds in your High-Yield Savings Account and other credits to your primary deposit account, to the fullest extent permitted by applicable law, in accordance with Section 14.s14.r. titled “Security Interest & Setoff”.

Appears in 3 contracts

Samples: Cayisbank Deposit Account Agreement, Go2bank Deposit Account Agreement, Go2bank Deposit Account Agreement

Negative Balances. You may not perform transactions that exceed the Available Balance of your accountAccount, and we generally will not authorize or pay transactions that exceed the Available Balance of your accountAccount, unless we decide, in our sole discretion, to authorize and pay such transactions because you have opted in to, to and are eligible for, for Overdraft Protection. Please note, however, that some merchants: (i) may not check with us for authorization of the transaction amount; (ii) may check with us for authorization of the transaction amount but later present a transaction for payment that is for a higher amount; or (iii) may not timely present a transaction to us for payment, and therefore some transactions may be paid from your primary deposit account even if the Available Balance of your account Account is insufficient, resulting in a negative balance in your primary deposit account, and even though you have not opted in to and are not eligible for Overdraft Protection. In such event, your primary deposit account will not be charged overdraft fees if you have not opted in to Overdraft Protection. You are fully liable for the amount of any negative balance on your primary deposit account, including any applicable transaction fees. Any negative balance on your primary deposit account must be paid immediately, without notice or demand from us, by depositing funds to your primary deposit account. Without limiting any other provisions of this agreementAgreement, if you do not deposit funds to your primary deposit account to cover a negative balance within 60 days of its creation, we may close your accountAccount. Without limiting the foregoing, we reserve the right to pursue collections for any negative balance on your primary deposit account, and we may offset any negative balance on your primary deposit account with subsequent deposits, funds in your High-Yield Savings Account and other credits to your primary deposit account, to the fullest extent permitted by applicable law, in accordance with Section 14.s18.r. titled “Security Interest & Setoff”.

Appears in 2 contracts

Samples: Walmart Moneycard Deposit Account Agreement, Walmart Moneycard Deposit Account Agreement

Negative Balances. You may not perform transactions that exceed the Available Balance of your account, and we generally will not authorize or pay transactions that exceed the Available Balance of your account, unless we decide, in our sole discretion, to authorize and pay such transactions because you have opted in to, and are eligible for, Overdraft Protection. Please note, however, that some merchants: (i) merchants may not check with us for authorization of the transaction amount; (ii) may check with us for authorization of the transaction amount but later present a transaction for payment that is for a higher amount; or (iii) may not timely present a transaction to us for payment, and therefore some transactions may be paid from your account even if the Available Balance of your account is insufficient, resulting in a negative balance in your account, insufficient and even though if you have not opted in to and are not eligible for Overdraft Protection. In such event, your account will not be charged overdraft fees if you have not opted in to Overdraft Protection. You are fully liable for the amount of any negative balance on your account, including any applicable transaction fees. Any negative balance on your account must be paid immediately, without notice or demand from us, by depositing funds to your account. Without limiting any other provisions of this agreement, if you do not deposit funds to your account to cover a negative balance within 60 days of its creation, we may close your account. Without limiting the foregoing, we reserve the right to pursue collections for any negative balance on your account, and we may offset any negative balance on your account with subsequent deposits, funds in your High-Yield Savings Account deposits and other credits to your account, to the fullest extent permitted by law, in accordance with Section 14.s16.s. titled “Security Interest & Setoff”.

Appears in 2 contracts

Samples: And Mobile Banking Agreement, And Mobile Banking Agreement

Negative Balances. You may not perform transactions that exceed the Available Balance of your account, and we generally will not authorize or pay transactions that exceed the Available Balance of your account, unless we decide, in our sole discretion, to authorize and pay such transactions because you have opted in to, and are eligible for, Overdraft Protection. Please note, however, that some merchants: (i) merchants may not check with us for authorization of the transaction amount; (ii) may check with us for authorization of the transaction amount but later present a transaction for payment that is for a higher amount; or (iii) may not timely present a transaction to us for payment, and therefore some transactions may be paid from your account even if the Available Balance of your account is insufficient, resulting in a negative balance in your account, insufficient and even though if you have not opted in to and are not eligible for Overdraft Protection. In such event, your account will not be charged overdraft fees if you have not opted in to Overdraft Protection. You are fully liable for the amount of any negative balance on your account, including any applicable transaction fees. Any negative balance on your account must be paid immediately, without notice or demand from us, by depositing funds to your account. Without limiting any other provisions of this agreement, if you do not deposit funds to your account to cover a negative balance within 60 days of its creation, we may close your account. Without limiting the foregoing, we reserve the right to pursue collections for any negative balance on your account, and we may offset any negative balance on your account with subsequent deposits, funds in your High-Yield Savings Account deposits and other credits to your account, to the fullest extent permitted by law, in accordance with Section 14.s12.s. titled “Security Interest & Setoff”.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

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Negative Balances. You may not perform transactions that exceed the Available Balance of your accountAccount, and we generally will not authorize or pay transactions that exceed the Available Balance of your accountAccount, unless we decide, in our sole discretion, to authorize and pay such transactions because you have opted in to, to and are eligible for, for Overdraft Protection. Please note, however, that some merchants: (i) may not check with us for authorization of the transaction amount; (ii) may check with us for authorization of the transaction amount but later present a transaction for payment that is for a higher amount; or (iii) may not timely present a transaction to us for payment, and therefore some transactions may be paid from your primary deposit account even if the Available Balance of your account Account is insufficient, resulting in a negative balance in your primary deposit account, and even though you have not opted in to and are not eligible for Overdraft Protection. In such event, your primary deposit account will not be charged overdraft fees if you have not opted in to Overdraft Protection. You are fully liable for the amount of any negative balance on your primary deposit account, including any applicable transaction fees. Any negative balance on your primary deposit account must be paid immediately, without notice or demand from us, by depositing funds to your primary deposit account. Without limiting any other provisions of this agreementAgreement, if you do not deposit funds to your primary deposit account to cover a negative balance within 60 days of its creation, we may close your accountAccount. Without limiting the foregoing, we reserve the right to pursue collections for any negative balance on your primary deposit account, and we may offset any negative balance on your primary deposit account with subsequent deposits, funds in your High-Yield Savings Account Money Vault and other credits to your primary deposit account, to the fullest extent permitted by applicable law, in accordance with Section 14.s15.r. titled “Security Interest & Setoff”.

Appears in 1 contract

Samples: Deposit Account Agreement

Negative Balances. You may not perform transactions that exceed the Available Balance of your accountAccount, and we generally will not authorize or pay transactions that exceed the Available Balance of your accountAccount, unless we decide, in our sole discretion, to authorize and pay such transactions because you have opted in to, and are eligible for, Overdraft Protection. Please note, however, that some merchants: (i) may not check with us for authorization of the transaction amount; (ii) may check with us for authorization of the transaction amount but later present a transaction for payment that is for a higher amount; or (iii) may not timely present a transaction to us for payment, and therefore some transactions may be paid from your primary deposit account even if the Available Balance of your account Account is insufficient, resulting in a negative balance in your primary deposit account, and even though you have not opted in to and are not eligible for Overdraft Protection. In such event, your primary deposit account will not be charged overdraft fees if you have not opted in to Overdraft Protection. You are fully liable for the amount of any negative balance on your primary deposit account, including any applicable transaction fees. Any negative balance on your primary deposit account must be paid immediately, without notice or demand from us, by depositing funds to your primary deposit account. Without limiting any other provisions of this agreementAgreement, if you do not deposit funds to your primary deposit account to cover a negative balance within 60 days of its creation, we may close your accountAccount. Without limiting the foregoing, we reserve the right to pursue collections for any negative balance on your primary deposit account, and we may offset any negative balance on your primary deposit account with subsequent deposits, funds in your High-Yield Savings Account and other credits to your primary deposit account, to the fullest extent permitted by applicable law, in accordance with Section 14.s16.r. titled “Security Interest & Setoff”.

Appears in 1 contract

Samples: Deposit Account Agreement

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